Britain announces biggest auction round in renewable energy scheme

Elizabeth Piper and Nora Buli of Reuters report that the British government announced the biggest auction round of its renewable energy scheme, hoping to build up enough extra offshore wind capacity to power about 8 million homes.

Under its Contracts-for-Difference (CfD) scheme, qualifying projects are guaranteed a minimum price at which they can sell electricity. CfD contracts are offered to power generation companies at auction.

GREAT notes that this means the energy generated within the UK will be sold to the highest bidder. These bidders could, and in reality are highly likely to be, outside of the UK. While this will contribute to the UK Government’s target for installed renewable energy capacity, it will not provide power for local communities like ours, despite the devastation imposed on our landscapes.

Read the full article here.